Common use of Benefits Termination Clause in Contracts

Benefits Termination. Except as provided in Sections 4(b) and (c) above or under COBRA, Employee’s participation in all employee benefit plans shall terminate in accordance with the terms of the applicable benefit plans based on the date of termination of Employee’s employment, without regard to any continuation of the Base Salary or other payment to Employee following termination and Employee shall not be eligible to earn vacation or other paid time off following the termination of Employee’s employment.

Appears in 5 contracts

Samples: Employment Agreement (EyePoint Pharmaceuticals, Inc.), Employment Agreement (EyePoint Pharmaceuticals, Inc.), Employment Agreement (EyePoint Pharmaceuticals, Inc.)

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Benefits Termination. Except as provided in Sections Section 4(b) and (c) above or under COBRA, Employee’s participation in all employee benefit plans shall terminate in accordance with the terms of the applicable benefit plans based on the date of termination of Employee’s employment, without regard to any continuation of the Base Salary or other payment to Employee following termination and Employee shall not be eligible to earn vacation or other paid time off following the termination of Employee’s employment.

Appears in 4 contracts

Samples: Employment Agreement (EyePoint Pharmaceuticals, Inc.), Employment Agreement (EyePoint Pharmaceuticals, Inc.), Employment Agreement (EyePoint Pharmaceuticals, Inc.)

Benefits Termination. Except as provided in Sections 4(b) and (cSection 5(b) above or under COBRA, Employee’s your participation in all employee benefit plans shall terminate in accordance with the terms of the applicable benefit plans based on the date of termination of Employee’s your employment, without regard to any continuation of the Base Salary or other payment to Employee you following termination and Employee you shall not be eligible to earn vacation or other paid time off following the termination of Employee’s your employment.

Appears in 2 contracts

Samples: Employment Agreement (EyePoint Pharmaceuticals, Inc.), Employment Agreement (pSivida Corp.)

Benefits Termination. Except as provided in Sections 4(b) and (cSection S(b) above or under COBRA, Employee’s your participation in all employee benefit plans shall terminate in accordance with the terms of the applicable benefit plans based on the date of termination of Employee’s your employment, without regard to any continuation of the Base Salary or other payment to Employee you following termination and Employee you shall not be eligible to earn vacation or other paid time off following the termination of Employee’s your employment.

Appears in 1 contract

Samples: Employment Agreement (EyePoint Pharmaceuticals, Inc.)

Benefits Termination. Except as provided in Sections Section 4(b) and (c) above or under COBRA, Employee’s participation in all employee benefit plans plans, if applicable, shall terminate in accordance with the terms of the applicable benefit plans based on the date of termination of Employee’s employment, without regard to any continuation of the Base Salary or other payment to Employee following termination and Employee shall not be eligible to earn vacation or other paid time off following the termination of Employee’s employment.

Appears in 1 contract

Samples: Employment Agreement (EyePoint Pharmaceuticals, Inc.)

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Benefits Termination. Except as provided in Sections 4(b) and (cSection 5(b) above or under COBRAthe COBRA or other applicable law, Employee’s your participation in all employee benefit plans shall terminate in accordance with the terms of the applicable benefit plans based on the date of termination of Employee’s your employment, without regard to any continuation of the Base Salary or other payment to Employee you following termination and Employee you shall not be eligible to earn vacation or other paid time off following the termination of Employee’s your employment.

Appears in 1 contract

Samples: Employment Agreement (pSivida Corp.)

Benefits Termination. Except as provided in Sections 4(b5(b) and (c) above or under COBRAthe COBRA or other applicable law, Employee’s your participation in all employee benefit plans shall terminate in accordance with the terms of the applicable benefit plans based on the date of termination of Employee’s your employment, without regard to any continuation of the Base Salary or other payment to Employee you following termination and Employee you shall not be eligible to earn vacation or other paid time off following the termination of Employee’s your employment.

Appears in 1 contract

Samples: Employment Agreement (EyePoint Pharmaceuticals, Inc.)

Benefits Termination. Except as provided in Sections 4(b) and (c) above or under COBRA, Employee’s participation in all employee benefit plans plans, if applicable, shall terminate in accordance with the terms of the applicable benefit plans based on the date of termination of Employee’s employment, without regard to any continuation of the Base Salary or other payment to Employee following termination and Employee shall not be eligible to earn vacation or other paid time off following the termination of Employee’s employment.

Appears in 1 contract

Samples: Employment Agreement (EyePoint Pharmaceuticals, Inc.)

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